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BTC $61523.85 (-2.9%)
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BCH $626.17 (-1.2%)
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DOGE $0.24 (0.38%)

Axie Infinity Takes a Bullish Curve, Will AXS Hit $70k Soon?

Axie Infinity Takes a Bullish Curve, Will AXS Hit $70k Soon News
  • Axie takes an uphill turn days after a bearish triangle.
  • 50% of Axie’s 1.6 million daily active players are new to blockchain and crypto
  • The ensuing profit-taking level for bull is at $61.66

Axie Infinity (AXS) continues to grow at a ferocious pace. According to CoinMarketCap, the blockchain play-to-earn game is trading at $61.66 with a 10.2% gain as of the time of writing.  Ranking 40 in position in the market ranking, Axie’s circulating supply is at $3,755,317,232 in an ascending trend line. 

axie infinity 1
Source: CoinMarketCap

The Vietnamese NFT game app has only recorded a $48.25 low and an all-time high of $62.87 in the last 24 hours. This is great news for the Axie community, contrarily, following a plunge in price a few days ago at $51.91.

Simply put, Axie Infinity (AXS) is a Pokémon-inspired community where users can earn tokens via playing the game and contributing to the ecosystem. Therein, players can battle, raise, claim rewards and build a land-based kingdom for their pets with the game app.  By all indications, Axie is rated the #1 Ethereum game by users with over 1.5 million daily active players.

We are in an era of “play to earn.” The gaming industry is evolving and so are crypto developers who are keying into the aforementioned.  The growth of Axie (AXS) could be traced to a need for a new income stream during the Covid Pandemic. 

Forward to today, the blockchain economic designed game has become popular among crypto game enthusiasts. Surprisingly, 50% of the players are new to crypto but they are actively tapping into the viral blockchain gaming fever. 

Further upside is eyeing $70 above as the next profit-taking level for bulls in Axie Infinity.  AXS has remained bullish in the last 24 hours

An excerpt from the gaming intro shows that the core mission of the app is to “introduce the world to blockchain technology in a fun and educational way.“ To explain further, the blockchain game is building a future where work and play become intertwined.

Juliet is an ardent reader and a devoted writer who talks behind her keypads. She relishes her thoughts through writing articles, creative writings, and press releases.